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Pension And Other Post-Retirement Benefits
 6 Months Ended
Jun. 30, 2015
Compensation and Retirement Disclosure [Abstract]  
Pension And Other Post-Retirement Benefits
The Company sponsors noncontributory defined benefit (pension) plans covering most employees. The plans for salaried and hourly employees currently in effect are based on a formula using the participant’s years of service and compensation or using the participant’s years of service and a dollar amount. The plan is closed to new participants, and based on plan changes announced in 2006, pay for active plan participants was frozen as of December 31, 2007. Beginning in the first quarter of 2014, with the exception of plan participants at two of Tredegar’s U.S. manufacturing facilities, the plan no longer accrued benefits associated with crediting employees for service, thereby freezing future benefits under the plan.

The components of net periodic benefit cost for our pension and other post-retirement benefit programs reflected in consolidated results are shown below:
 
Pension Benefits
 
Other Post-Retirement Benefits
 
Three Months Ended June 30,
 
Three Months Ended June 30,
(In Thousands)
2015
 
2014
 
2015
 
2014
Service cost
$
144

 
$
105

 
$
12

 
$
13

Interest cost
3,313

 
3,342

 
83

 
93

Expected return on plan assets
(4,407
)
 
(4,558
)
 
—

 
—

Amortization of prior service costs, gains or losses and net transition asset
4,024

 
2,814

 
(40
)
 
(77
)
Net periodic benefit cost
$
3,074

 
$
1,703

 
$
55

 
$
29

 
Pension Benefits
 
Other Post-Retirement Benefits
 
Six Months Ended June 30,
 
Six Months Ended June 30,
 
2015
 
2014
 
2015
 
2014
Service cost
$
288

 
$
649

 
$
24

 
$
26

Interest cost
6,625

 
6,683

 
167

 
186

Expected return on plan assets
(8,814
)
 
(9,116
)
 
—

 
—

Amortization of prior service costs, (gains) losses and net transition asset
8,048

 
5,628

 
(80
)
 
(154
)
Curtailment charge
—

 
81

 
—

 
—

Net periodic benefit cost
$
6,147

 
$
3,925

 
$
111

 
$
58


Pension and other post-retirement liabilities were $102.8 million and $104.8 million at June 30, 2015 and December 31, 2014, respectively ($0.6 million included in “Accrued expenses” at June 30, 2015 and December 31, 2014, with the remainder included in “Other noncurrent liabilities” in the consolidated balance sheets). The Company’s required contributions are expected to be approximately $2.4 million in 2015. Tredegar funds its other post-retirement benefits (life insurance and health benefits) on a claims-made basis, which the Company anticipates will be consistent with amounts paid for the year ended December 31, 2014, or $0.3 million.